Private Client Issues - July 2017
Welcome to this month's edition of Private Client Issues, Blake Morgan's monthly round-up of the topics you may find of interest.
Lifetime gifts to children – don’t get caught out
If you plan to make any large gifts during your lifetime to your children, you should consider how the presumption against double portions might affect the gifts in your Will. Don’t get caught out – Blake Morgan highlights how this could impact your estate.
The rise and fall of Inheritance Tax
Official statistics show Inheritance Tax paid in the year ending May 2017 exceeded a record £5 billion for the first time, an increase of 9% on the previous year. This is largely due to the steady increase in house prices, whilst the existing nil rate band has remained the same since 2009. But will the introduction of the new residence nil rate band back in April mean this steady increase may be about to change? Blake Morgan looks at the additional allowance, the winners and the losers and why you should act now.
Friday afternoon fraud on property transactions
Since 2009, HM Land Registry has prevented 254 fraudulent applications being registered, representing properties valued in excess of £117 million. No system can be completely fraud-proof, but do you know the best way to protect yourself from fraudsters?
Holiday pay for the self-employed?
With the ongoing debate over the gig economy and employment status, Blake Morgan considers a recent European Opinion which could pave the way for "self-employed" workers to claim holiday pay going back several years.
Do I need my ex-partner's permission to take my child on holiday abroad?
With summer holidays on the horizon, Blake Morgan highlights what to consider if you are separated and wish to take your children abroad.
If you are impacted by any of the above topics or you would like further information on how we can help you, please contact your usual Blake Morgan adviser.